Variable Frequency Drive(VFD) is used in electromechanical systems helps in varying the voltage, frequency supplied to the electromechanical drive systems. VFD is also named as variable speed drive used to accelerate and decelerate the speed and torque of AC electric motor. Raise in demand for energy saving machinery and to protect the Industrial equipment’s or electronic gadgets from electric faults such as short circuits, electric fluctuations are the factors accelerated the growth of the VFDs market. A decrease in Green Field Investments and competition among the regional players are challenges facing the VFD market.
Asia Pacific Variable Frequency Drives market size:
Asia Pacific variable frequency drives market size is projected to reach approximately $xx billion by the end of 2024 with a CAGR of close to X% from $xx billion in 2017 during the forecast timeline 2018-2024. A decrease in cost and size of the VFD and increase in the performance raised the market over the past four decades and is expected the same market value during the forecast period. The increase of use in various types of VFD at various voltage and power ranges among various applications in Industrial segment leads to the growth of the market. Variable frequency drives are also used in HVAC control system, Food and Beverage Industries, Pulp and other are the key factors accelerating the market growth.
Asia Pacific Variable Frequency Drives market share:
Type segments Asia Pacific Variable Frequency Drives market (Alternating Current (AC) Variable Frequency Drivers, Direct Current (AC) Variable Frequency Drivers, Servo Variable Frequency Drivers). These VFDs are used at various current ranges in electric system to decrease the input frequency, a voltage for the efficient use of electric energy. In Mechanical Systems Variable frequency are used to decrease the speed and torque of the propellers, fans and other. Among these, Servo Variable Frequency Driver holds the largest share because the speed and torque are accelerated or decelerated quickly by Servo Variable Frequency Drivers.
By voltage, the VFD market is segmented as (Low Voltage Variable Frequency Drivers, Medium Voltage Variable Frequency Drives). Low Voltage Frequency Drivers are used at voltage ranges < 690 Volts and Medium Voltage Variable Frequency Drivers are at voltage ranges > 690 Volts and above. These are widely used in Industrial equipment’s to reduce the input voltages. Based on Power Range, the VFD market is segmented as High-Power Drivers (251-750 hp), Medium Power Drivers (51-250 hp), Low Power Drivers (6-50 hp), Micro Power Drivers (<6 hp), Macro Power Drivers (>751 hp). These VFDs are used at various power ranges to decrease the speed and torque of electric AC motor, and it directs to decrease the consumption of electricity.
By End-user, the Industrial segment is expected to hold the huge share of the market due to more usage of VFD in electrical equipment to safeguard form electric faults like short circuits and also to decrease the power consumption. On the Basic of geography, Asia Pacific is expected to hold the huge market due to increase in new Industrial equipment and more usage od VFD in Industrial Internet of things.
Asia Pacific Variable Frequency Drives market Trends:
- SVIA’s leading robotised machine tending solutions Join with ABB’s globally leading position in industrial automation.
- ReWalk Robotics Announces its Partnership with YASKAWA Electric Company.
Asia Pacific Variable Frequency Drives market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the Asia Pacific variable frequency drives market are:
- ABB Ltd.
- Siemens AG
- Schneider Electric Se
- Danfoss
- Rockwell Automation
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific variable frequency drives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Increasing Need for Protection from short circuits
4.1.2 Rising demand for Energy Saving
4.1.3 Stringent Government Regulations
4.1.4 Decrease in VFDs size and cost
4.2 Restraints
4.2.1 Decrease in the Green Field Investments
4.2.2 Heat Generation of VFDs
4.3 Opportunities
4.3.1 Increase of VFDs usage in IIOT (Industrial Internet of things)
4.4 Challenges
4.4.1 High competition among Local Players
4.4.2 Cross is the Major Challenge for the VFDs
Chapter 5 Asia Pacific Variable Frequency Drives Market – By Type
5.1 Alternating Current (AC) Variable Frequency Drivers
5.2 Direct Current (AC) Variable Frequency Drivers
5.3 Servo Variable Frequency Drivers
Chapter 6 Global Variable Frequency Drives Market – By Voltage
6.1. Low Voltage Variable Frequency Drivers (<690 Volts)
6.2.Medium Voltage Variable Frequency Drivers (690 Volts and above)
Chapter 7 Asia Pacific Variable Frequency Drives Market – By Power Range
7.1. High Power Drivers (251-750 hp)
7.2 Medium Power Drivers (51-250 hp)
7.3 Low Power Drivers (6-50 hp)
7.4 Micro Power Drivers (<6 hp)
7.5 Macro Power Drivers (>751 hp)
Chapter 8 Asia Pacific Variable Frequency Drives Market – By Application
8.1 Fans
8.2 Compressors
8.3 Conveyors
8.4 Extruders
8.5 Pumps
8.6 Cranes
Chapter 9 Asia Pacific America Variable Frequency Drives Market – By End User
9.1 Oil and Gas
9.2 Industrial
9.3 Infrastructure
9.4 Power Generation
9.5 Automotive
9.6 HVAC Control System
Chapter 10 Asia Pacific Variable Frequency Drives Market – By Geography
10.1 Introduction
10.2 APAC
10.2.1 China
10.2.2 Japan
10.2.3 India
10.2.4 Australia & New Zealand
10.2.5 South Korea
10.2.6 Others
Chapter 11 Asia Pacific Variable Frequency Drives Market – Company Profiles
11.1 Eaton Corporation
11.2 ABB Ltd.
11.3 Crompton Greaves Ltd.
11.4 General Electric Company
11.5 Honeywell International Inc.
11.6 Rockwell Automations Inc.
11.7 Hitachi Group
11.8 Siemens AG
11.9 Mitsubishi Corporation
11.10 Toshiba Corporation
11.11Schneider Electric Company
11.12 Johnson Controls
11.13 Emerson Electric Company
11.14 Danfoss A/S
Chapter 12 Asia Pacific Variable Frequency Drives Market – Competitive Landscape
12.1. Market Share Analysis
12.2. Strategies Adopted by top companies
12.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 13 Market Insights
13.1. Industry Experts Insights
13.2. Analysts Opinions
13.3. Investment Opportunities
Chapter 14 Appendix
14.1 List of Tables
14.2 List of Figures
